The Ruling on the Association (What is Collected Periodically)

Question
People are accustomed to what is called the association, which is: a group of individuals who pay a specific amount of money periodically to one of them in succession. What is the ruling on their action?
Answer
I say, and with God's help: it is part of cooperating in goodness and righteousness, and it has great benefit for people, preventing them from falling into bank interest, and God knows best.
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